Paul Ryan’s Path to Fiscal Sanity

During the 1990s, people were concerned with the $4 trillion debt we ran up while winning the Cold War (and after the Democrats reneged on their 1982 promise to reduce spending). Back then, the debate between the first Republican Congress in forty years and the Clinton Administration was whether our country could balance the budget in seven years or ten years while also cutting taxes. As it turned out, simply by restraining the growth of spending allowed us to balance the budget in three years.